Question

write down the ways of increasing G.D.P ?​

Answer 1

To increase economic growth

Lower interest rates – reduce the cost of borrowing and increase consumer spending and investment.

Increased real wages – if nominal To increase economic growth

Lower interest rates – reduce the cost of borrowing and increase consumer spending and investment.

Increased real wages – if nominal wages grow above inflation then consumers have more disposable to spend.

Higher global growth – leading to increased export spending.

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